The adjusted trial balance columns of the worksheet for Nguyen Company, owned by C. Nguyen, are as follows.

Instructions.

a. Complete the worksheet by extending the balances to the financial statement columns.

b. Prepare an income statement, owner's equity statement, and a classified balance sheet. C. Nguyen did not make any additional investments in the business during the year.

c. Prepare the closing entries. Use Jl4 for the journal page.

d. Post the closing entries. Use the three-column form of account. Income Summary is No. 350.

e. Prepare a post-closing trial balance.

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Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 Nguyen Company Worksheet For the Year Ended December 31, 2022 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner's Capital Owner's Drawings Service Revenue Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals Adjusted Trial Balance Dr. 5,300 10,800 1,500 2,000 27,000 7,600 9,000 4,000 5,600 3,500 28,000 600 104,900 Cr. 5,600 15,000 6,100 3,600 600 13,000 61,000 104,900